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so we can keep interest rates low so we can make sure we don't hurt our economy. >> i want to command -- commend you on the effort of people to just put out a budget. with all due respect on my friends on the other side, last year they were in majority, they chose not to do that. they chose thinking it would provide political cover. it didn't. i think that's what's gone "encore booknotes" the senate side. calculation that somehow this will spare some of our members from difficult votes. i commend you for developing a difficult budget and getting your colleagues to vote on it and it was a legitimate issue in the campaign. i think it's an appropriate place to have the discussion. you come, you vote, we go have a campaign. that helps the country clarify the issues. we move on. the house has fulfilled its responsibility in that regard in through the fire in the election. i think that's fair. the senate just simply has not. and it is discouraging. you know, it just takes 51 votes. that's all it takes over there. i actually heard commentators tell us, oh, no, it takes 60. it takes no such t
economy and is going to create jobs and increase the standard of living for hard- working, middle-class americans. you know, we talk so much about mortgaging the future, mortgaging our children's future and i care deeply about that. but frankly, we are mortgaging now the future is now. and we all -- all of us here, we want to fight. we want to fight for that nurse, that carpenter, that teacher, that grand parent, that parent, that student, we want to fight for everyone across this country. and the 113th congress has been sent here i think to be do big things, the hard things, and this is the first step in that process. no budget, no pay. >> questions? >> speaker boehner, yesterday in the president's inaugural address he suggested that immigration and climate change will be top priorities for him. what do you think of his call for action on climate change, and is immigration a high priority? >> there are a lot of priorities for the congress. a lot of priorities for the president. and right now, the biggest issue is the debt that's crushing the future of our kids and grandkids. hard
and gloom vision of the obama economy just doesn't seem to match reality these days. i'll have the details coming up. >>> and while whistle-blowers come forward to describe the fraud that led to the financial collapse, the department of justice isn't going after wall street's ceos. i'll ask mike papantonio why they're just being let off the hook. you can listen to my radio show on sirius xm radio noon to 3:00 a.m. share your thoughts with us on #edshow. we're copping right back. hey, buddy? oh, hey, flo. you want to see something cool? snapshot, from progressive. my insurance company told me not to talk to people like you. you always do what they tell you? no... try it, and see what your good driving can save you. you don't even have to switch. unless you're scared. i'm not scared, it's... you know we can still see you. no, you can't. pretty sure we can... try snapshot today -- no pressure. >>> welcome back to "the ed show". thanks for stay with us tonight. liberals are furious about filibuster reform. here is some reaction from my radio show. >> what harry reid has done is just outrageous
created. think about where we are today. what was the colonial economy? these are all drugs. .. and now we have turkish coffee, english tea time and of course of the fortunes that drove a lot in the european development. and so, long story short the reason have the world got colonized in some ways is because a bunch of old white men in europe couldn't get up so there you have sex, drugs and international relations but i tell the story because what we consider drugs is important so when the white males of european ancestry that drafted this 1961 convention got to read some of their favorite drugs that they got accustomed to policy, alcohol, you know, all these things they love to do. but coca was something indigenous people used and is the attitude that made them say this is forbidden, this causes degeneration, this is terrible stuff. but coca in its natural form is a very beneficial and relatively harmless. it's a very mild stimulus in my opinion and my personal experience two cups of coffee basically, so this thing that's hard to get across people in the united states these policy makers
washington d.c. virginia, maryland, the colonial economy was tobacco. these were all drugs and the first time a lot of these drugs were introduced back to europe people looked at them with revulsion. tobacco is a bizarre thing. why would you put fire and smoke into your mouth? .. >> and now we have, you know, turkish coffee, we have english tea time, and, of course, the tobacco fortunes that drove u.s. and european development. and so long story short, the reason half the world got colonized in some ways is because of a bunch of old white end men in europe couldn't get it up. [laughter] so there you have sex, drugs and international relations in a nutshell. [laughter] but i tell the story because what we consider drugs is important. and so when the mostly white males of european ancestry who drafted this 1961 international convention got to exempt all of their favorite drugs, the ones they were partial to and got accustomed to; coffee, alcohol, tea, you know, all these things that they loved to do. but coca was manager that indigenous -- was something that indigenous people
shape since the recession. given leeway to cushion the u.s. economy from federal budget cuts. here are some other stories in the news. this is from "the national council of state legislatures," which runs up what lawmakers are facing as they enter their session throughout the country. it says, -- it also looks at corrections costs. helping america become more energy dependent. and paying for transportation structure, roads, bridges, things like that. also, educating the workforce. let us take a listen to one of the governor's and what he had the say during this state of the state address. this is the governor of new york talking about new york state. >> yes it is hard to reform education. i know the politics of it. i know the problems. i know the issues. but, can you imagining how smart the state would be when we actually educate all of our children to the best of their god-given potential? when every black child and every white child and every orphan child and every other child is educated to their full potential? i know helping the state economy is hard. i know it has been decade
to not be part of that, because it is terrible for the economy and seems to be bad politics. host: white house press secretary jay carney. let's hear purcellville in broken arrow, oklahoma, republican. what is your advice to republicans for the second obama administration? caller: i love c-span and i am so glad that you have this live call-in talk show from individuals all over the world. my question is, to the republicans, i know that you heard in the inaugural speech to the word "to gather." we have to come together. together we stand as we the people. i know and hope that our president of the united states, president obama, is hearing our voices this morning being back in the white house for and other four years. i am a military mom. i want to say this to the republicans. please work with our president of the united states. he is the general in chief for all of us. is gettingely on who more. we can ask. we can write letters. we can twitter and all the settings. but we have to come together. he is the one we voted for. as we let's work together the people. that is my answer to the republican
vision of the obama economy just doesn't seem to match reality these days. i'll have the details coming up. >>> and while whistle-blowers come forward to describe the fraud that led to the financial collapse, the department of justice isn't going after wall street's ceos. i'll ask mike paolantonio why they're just being let off the hook. you can listen to my radio show on sirius xm radio noon to 3:00 a.m. share your thoughts with us on #edshow. we're copping right back. step 1. all those veggies and beans, that's what may help lower your cholesterol and -- well that's easy [ male announcer ] progresso. you gotta taste this soup. [ breathes deeply, wind blows ] [ male announcer ] halls. let the cool in. >>> welcome back to "the ed sho show". thanks for stay with us tonight. liberals are furious about filibuster reform. here is some reaction from my radio show. >> what harry reid has done is just outrageous. what else needs to be done? >> i am so angry. i feel like the president has been torpedoed, stabbed in the back, bamboozled, hoodwinked by the head of his own party. >> i expected not
doom and gloom vision of the obama economy just doesn't seem to match reality these days. i'll have the details coming up. >>> and while whistle-blowers come forward to describe the fraud that led to the financial collapse, the department of justice isn't going after wall street's ceos. i'll ask mike papantonio why they're just being let off the hook. you can listen to my radio show on sirius xm radio noon to 3:00 a.m. -- p.m. share your thoughts with us on #edshow. we're coming right back. uhh, it's next month, actually... eddie continues singing: to tickets to... paradiiiiiise! no four. remember? whoooa whooaa whooo! you know ronny, folks who save hundreds of dollars by switching to geico sure are happy. and how happy are they jimmy? happier than eddie money running a travel agency. get happy. get geico. fifteen minutes could save you fifteen percent or more. ♪ [ male announcer ] this is karen and jeremiah. they don't know it yet, but they're gonna fall in love, get married, have a couple of kids, [ children laughing ] move to the country, and live a long, happy life together wh
, for the war to end. host: let's hear the president speaking on the economy, social security, and medicare. caller: we the people -- [video clip] >> many barely make it. we believe that america's prosperity must rest upon the broad shoulders of a rising middle class. we know that america thrives when every person confined independence. on the wages of honest labor, liberating families from the brink of hardship. we are true to our creed, when a little girl born into bleakest poverty has the same chances to succeed as anyone else because she is an american, free and equal, not just in the eyes of god, but in our own eyes. we the people still believe that every citizen deserves a measure of security and dignity. we must make the hard choices to reduce the cost of health care and reduce the size of our deficits. but we reject the belief that america must choose between caring for the generation that built this country and investing in the generation that will build its future. [applause] we remember the lessons of our past, years spent in poverty, the parents of a child with a disability had
we won't view immigrants so hostilely when he actually need them here contributing to our economy. so i'm confident that with this sort of renewed effort on both sides of the aisle to work out something that is doable, that will have the proper enforcement mechanisms but the proper pathway for people to come in out of the shadows and be fully participating members of our society, i'm very confident that we can get there. i really for the first time in the ten years that i have served in congress, really see this as a very real possibility. >> yeah. my concern is i agree with everything you said in terms of economics and social issues, fine. my concern is a government that cannot enforce its laws begins to crumble and our failure to have an honest, open, progressive immigration policy has been a disaster and it's not good for the future of our government that it can't do the job of enforcing its own borders which is essential to any country on this planet. stephanie, last thought. are we going to do this this time? >> well, chris, we have to try. i think there's a reason why we're talk
state of the economy. it looks like now things are almost reversed in a way. tell us about your conversation with cameron. >> when i interviewed prime minister cameron here in new york and he was sort of in the lion's den because he had thrown down the gauntlet with this speech about britain's position in the european union. britain is not fully in in terms of it is not part of the eurozone. it doesn't have the euro but in many aspects it is in and it is a full member. united states depends on britain for the very strong role in international affairs. it helps all over the place whether in trying to confront iran, syria and north korea with sanctions and plays a big role whether afghanistan, iraq. david cameron is saying we like our foreign role. we like you and our economic role in the e.u. but we don't want to be a part of your political role. he is trying to negotiate a half in/half out role for the u.k. that is very concerning to the u.s. because he has raised the stakes by saying he would put it to the british people in the referendum. if they vote to get out of the e.u. th
to the reconstruction of the south economic he and the revitalization of the content economy, which all of america relied on. the industrialization of many parts of the south. all of these things continued into the 20th century up to the dawn of world war ii. we do not know how many african americans found themselves back in a world of being bought and sold, but there is more evidence about this existing than many historians realize are wanted to confront. hundreds of thousands of people were bought and sold. thousands and thousands of african-american men and some african-american women died under horrifying circumstances. this was a system that relied on fatality and starvation and intimidation and a more fertile kind of involuntary servitude than what preceded it. it became a weapon of terror and intimidation to force african- americans from exercising their civil rights and intimidating them into compliance with the other kinds of explicative liver that we know more about. the repercussions of all of that are still with us. the legacy of that economically and educationally is very much somethi
for the global economy. this is a little under an hour. >> a pleasure to see you all here tonight. as we know, happinesses is a relative thing, and i began the day this morning in the dentist's chair having a crown put in, and here by tonight i'm at politics & prose. so i'm a very happy man having gone from one extreme to the other. so it's a special pleasure to welcome you all here tonight and, gosh, standing room only. so this is marvelous. well, i thought i would begin by telling you a few stories about what the book is about and skipping the big structure and simply tell you some stories about some of the people who are in this book, because in the end it's very much about real people. so what kind of book is this? it's big, it's heavy -- [laughter] it's, you know, you may open it with a certain trepidation. but what it is is a memoir, first of all, a little bit of a memoir of my travels in russia. it's a memoir of a firm of the people -- of a number of the people who are in the book. we've gone through 20 years together, is so it's a memoir of the last 20 years since the soviet union fel
their groove back. ceos from around the country to give the inside scoop on what to expect in this economy, plus top mba recruits, an exclusive interview on how they're using a high-stakes poker tournament to fill the corner office. more "money" and poker straight ahead. hey, buddy? oh, hey, flo. you want to see something cool? snapshot, from progressive. my insurance company told me not to talk to people like you. you always do what they tell you? no... try it, and see what your good driving can save you. you don't even have to switch. unless you're scared. i'm not scared, it's... you know we can still see you. no, you can't. pretty sure we can... try snapshot today -- no pressure. i have obligations. cute tobligations, but obligations.g. i need to rethink the core of my portfolio. what i reallneed is sleep. introducing the ishares core, building blocks for the heart of your portfolio. find out why 9 out of 10 large professional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expens
increase and protected our economy from the fiscal cliff. two-thirds of those votes came from democrats. if the speaker had enforced the hastert rule, we would be over the fiscal cliff today. what happened on sandy? after nearly three months of stalling, while my state, while the presiding officer's state of connecticut, while the states of new york, new jersey and other states struck by sandy were waiting urgently for the relief that we got to the coast within 11 days. they stalled and they stalled because they could not get a majority of the republican caucus to support federal relief for our hurricane-ravaged states. under the hastert rule, they couldn't get that bill to the floor. so speaker boehner once again decided to forego the hastert rule. that's how they got the sandy emergency aid bill passed. look again at the votes. republican "yes" votes for the disaster bill: 49. republican "no" votes for that bill: 179. that bill was dead on arrival under the hastert rule. the republican caucus couldn't support it, wouldn't support it, and we would be without any help now if they follow
a great deal of work to be done on the economy and a great many other things. nora o'donnell, the co-anchor of "cbs this morning" is down on the national mall and she has insight on what the president is looking to in a second term. >> that's right. on a day like this when most americans have expressed their frustration with washington, political leaders, this is day that we see hundreds of thousands of americans turn out to witness this piece of history. every second-term president since dwight eisenhower has had to deal with an opposition party in congress. that's nothing new that president obama is facing in this second term. but he's going to try and capture i think some of the magic of bipartisanship on a day like today. trying to put it in a bottle. because he really has a very ambitious agenda for his second term. we have heard him talk about it. gun safety, immigration reform. deficit reduction and those looming spending cuts that are a part of the sequestration. so that's lot before the president. but as major has noted this is a speech today that's not about specifics, but
something to his stewardship. >> with hindsight being 20/20 and the economy they walked in to and kept falling down the hill -- >> right. >> -- even once they get in to office and often there's instability after a new president but major instability -- >> the free fall. >> correct. they had a long way to go to hit the bottom before they could build it back up. >> i'm not sure they knew when they went in to the office. included geithner and summers and roamer. i think they were -- >> didn't do a full house inspection. like bought it sight unseen. >> and then there's mold. >> the pipes are leaking. >> bad news. a lot of maintenance to be done and interesting, geithner's taken probably more heat from the left than from the right. meaning, the administration's as a whole we know is not a favorite of the republican party and the right. but geithner has been a real bugaboo from the left of a perception of a creature of an industry survived and tloohrive and the rest stagnated. i take the view that the economic system, the financial system has a lot of faults and utility and if the lights go
. that was way before the economy went into freefall, so he had a couple other priorities he had to deal with when he first came into office. and the third thing, erin, is that this president wants this as his legacy. and he has said that he wants it to be a priority, even during the re-electiore-election, he tt this, so he knows that now he has a debt to pay. the republicans need to do this as a necessity, and with all due respect to the congressman, this is absolutely an issue of electoral survival for the republican party. the congressman is right that this isn't the only thing that republicans need to soften up their tone on, but if this isn't something they get done for the latino community, they're not going to listen to them on anything else. >> congressman, here is my problem intellec chatually from where you're coming from. and this is a complicated issue, but i don't understand. these people are already here. you're not going to be able to pick them up and move them out. that's not practical. so if you start from that point of view, how are you ever going to get a deal? >> if i
with the economy bad and feeling washington needs to get its act together. >> joe? >> yeah. >> that asks -- that leads me to ask, you know, the group, what happens if within the white house, off of what mark just said, because this will be increasingly popular if the republicans continue to do things like this, what happens if the white house decides to try and pick off specific members of the republican membership in the house and perhaps some republicans in the senate and basically say people like you more now if you come and try and meet us halfway. what happens to this whole ball game if that occurs? >> i actually think the ball game is changing. the front of "the washington post" says that the gop offers respite on debt. "the new york times" also talks about how the republicans have gone ahead and pushed for -- obviously for this three-month extension that we're talking about. and mike, this goes back again to the republican party, not being conservative, not being moderate, but being smart. turning their back on their stupid ways as they set themselves up for punching bags which th
of the senate foreign relations committee, the same economy committee that is questioning him. his colleagues are expected to easily approve the nomination. he will take the place of hillary clinton. >> i was very honored when john asked me to take part in this, because john is the right choice. to carry forward the obama administration's foreign policy and i urge his immediate confirmation. >> secretary clinton's visit to the hill is likely her last and today's questioning of senator cerris downright uneventful compared to the questioning of the secretary of state clinton yesterdayabout -- benghazi. we're live on capitol hill. sounds like loumakes think confirmation of the swift boated one is a done deal. >> that's right. we should expect a confirmation vote next tuesday for senator kerry if he is confirmed, which we expect he will be, he will inherit a whole lot of problems. senator marco rubio, republican of florida, had a line about foreign policy saying the key is making sure you're not trying to do more than we can, while also ensuring we are not doing less than we should. rubio rattled
. . >>> here's another sign that the housing market is turning around and the economy is getting better. lowe's is hiring in a big way. the home improvement chain is looking to add 54,000 worker this is spring. most of the jobs are part-time and only last through september, but it's still a job. 9,000 workers will be permanent employees. that's good news. apple stock getting hammered. disappointed by the first quarter earnings and outlook for future growth. so allison, we were talking about it and everything was apple, apple. >> it was going so swimmingly. >> why is everyone suddenly -- i don't know, but a lot of people, why are a lot of people soured on apple? >> it's not a sudden transformation since september. you look at the report card and what it shows is that apple cannibalized itself. people out there wound up buying lower priced apple products instead of higher priced top of the line. they bought the iphone 4s instead of the 5 and the mini instead of the higher priced one. come on. apple recorded record profits and sold 48 million iphones and 23 million ipads and not to mention the 1
in state that would be effected, this would be good for jobs and good for the economy. yet, you have a president who is still behold on the the energy or environmental lobby who shelved two priest approvals from the state department to block this. i don't think he does it. >> he is under renewed and tremendous pressure to continue to oppose this and reject it outright. but he also does with the ambitious plan want some form of energy reform. he is not any kind of cap and trade. energy reform in 2013 or 2015 with the republicans. he knows this is the only way to get it moving to change on this issue. >> he is ride something high politically. we saw at it the inaugural address i find it hard to imagine he will cave to his extreme left on this. knowing what benefit it would bring. now the fig leaf governor that switched and is proposing it is now gone, i expect he will do it. >> bret: huge turn-out on the mall for march for life. prominent speakers out there. >> you are the voice of the voiceless. you are those who stand for love. and a world of death. i have a question for those who do
to the united states. chattanooga, tennessee has a smart idea on how to get the economy growing there. hire the best and brightest minds of technology and lure them with them. holding a competition and putting up a mart grid that sends out super fast high speed internet. here is more from atlanta. i hear business leaderships paying big money for people to move there. >> businesses and nonprofits are contributing to a number of initiatives and harris, so-called geeks are moving to chattanooga. >> as other cities struggle to create jobs and prosper, chattanooga, tennessee has a plan to grope th economy at the speed of light. >> our internet is litterally hundred times faster than the national average. >> there is a square mile grid of cable. fastest internet in the nation and it is called the gig and they are hoping to leverage it into jobbings. >> no other city has it on the level we have it and so that is a big recruiting tool. >> the city is luring business and residents. first the geek move. a generous relocation package for anyone who moves to the city and takes a tech-related job. incen
with the economy melting down and the lowest approval ratings practically in history for a president. bill clinton was impeached. richard nixon resigned his office. >> reporter: american university historian dr. allan lichtman says president obama must use the power of the people to sway congress and it appears that will be part of the inaugural address. >> he's going to talk about our political system doesn't require to us resolve all our disputes or political difference, but it does require us to seek chop ground when it can and should exist. -- common ground when it can and should exist. he's going to make that point very strongly. >> reporter: a new public opinion group will be made for public action. >> we want to make that there is people out there pushing for action. >> reporter: tax reform, entitlement, jobs and spending among the top issues for americans. gun control, climate change and international affairs are also on the agenda. you really don't have four years now. it will start to slip away very quickly. you've got to set some priorities because the president's time, the secretary
it will be on the really important issues to the american public like how do we create jobs, get the economy running again? very importantly, how rain in the long-term debt? that would require a lot of concessions by democrats on entitlement programs. i think the president coming off of the fiscal cliff debate, the republicans, that was their golden moment to extract concessions from the democrats, specifically on social security. i think he would agree with me the end of the negotiations, the trade between the republicans and democrats was to do an increase in the debt ceiling, in exchange for cutbacks in so security cost-of-living adjustments. john boehner and republicans decided they want to have an argument over the debt ceiling, because of the new year we will be better positioned. they quickly have realized that is not going to be the lever they thought it would be. host: you have covered three presidents, clinton, bush, and now president obama. people say the political divide between these branches is stronger now than it has been in years. you agree or disagree? guest: i absolutely agree. host: wh
their agenda today as well. cutting spending. >> our nation's total debt is now larger than our entire economy. this means that every man, woman and child owes a $53,000 share of this debt. that level of spending is unsustainable. a major credit rating agency has already downgraded our nation's credit once. and if we don't start making some real progress on spending reforms, more downgrades are likely in the near future. >> about eight minutes past the hour now. live look this is happening in washington, d.c. as we speak. this is happening really across the country. one of the main ones, this is a rally for gun control taking place in washington, d.c. people there are rallying for stricter gun laws. you know this has been the big debate in the country since the shooting, the killing of all those children in newtown, connecticut at their elementary school. you're seeiie seeing eleanor ho. expecting residents of newtown, connecticut to play a role in this march today. we don't have a wider shot of how many people turned out. march happening going to keep an eye on it there in washington, d.c. >>
to correct this injustice. and in this tough economy now more than ever before women are the last line of economic defense for themselves and their children, working to keep a roof over their family's head and food on the table. that is why we need the paycheck fairness act without delay. it is time for the congress to act and give women a fighting chance to receive fair pay for their hard work. it's time to get this legislation to the president's desk. the speaker pro tempore: the gentlewoman yields back her time. the house will be in order. please take conversations outside of the chambers. for what purpose does the gentleman from indiana rise? >> unanimous consent to address the house for one minute. revise and extend my remarks. the speaker pro tempore: without objection, the gentleman is recognized for one minute. >> thank you, mr. speaker. i rise today to recognize national school choice week, which has grown from 200 organizations and 150 events in 2011, to 500 organizations in more than 3,500 events this year. national school choice week highlights the benefits of school choice
principles and good government principles, reform government, modern government. their economies are growing at twice the rate of the national government. so that's why i'm optimistic. it's not -- there are principles at work. there are economics that work. it doesn't work. so my long-term view is that the states will soon be bailing out the feds. >> we shall see. leigh, you're writing a book right now talking about the demographic changes that are basically putting an end to the suburbs as we know it. these same demographic changes present a tremendous challenge for the republican party on one side. but on the other side presents a tremendous challenge to the party of big government. we are going to spend the next 30 years, at some point -- now, this president is ignoring the reality. his inaugural speech could not have been any more disconnected from the reality that we now face economically. but at some point those demographics could actually help small-government conservatives because we're going to have to figure out how to scale back in a smart way. >> it's true. and the demographics a
to dice it, okay, if you're after social justice, damn it, a job of growing economy social justice. not trying to manipulate a society, not trying to vote for a collectivist society. there are fairly radically different visions here on what create freedoms and the social justice. what creates the opportunity. and i think we as the conservatives, as those who are defenders of the freedom, have to constantly be pushing. etch when we're running against the brick wall. we have to keep running in to it until we knock parts of it down. because heaven for bid, if this president were to get his vision of the agenda, what would the country look like four years from now? [inaudible] talk little bit more about the tax component of the republican agenda. when you talk about tax reform, -- [inaudible] >> one of the nice things that some of us enthused and you'll actually hear chairman camp being more vocal, i believe, at least this is what i'm here -- hearing. they spent two years holding hearings and collecting information about what a much broader base, lower rate, a lot less, you know, sorry
, the economy, healthcare, reducing the deficit, or addressing climate change. he is respected by leaders of the government, and if you add it all up, i think he is spent most of the last four years leading interagency meetings, hearing people out, listening to them, forging consensus, and making sure policies are implemented and everybody is held accountable. he always holds himself accountable first and foremost. it is no easy task, but through it all denis mcdonough does it with class, integrity and thoughtfulness for other people's point of views. he is the consummate public servant, he plays it straight and that is the kind of teamwork that i want in the white house. time and again i have relied on dennis to help in the outreach to our immigrant and faith communities. he understands that in the end our policies and programs are measured in the concrete differences that they make in the lives of fellow human beings and the values that we advance as americans. he insists on knowing for himself the real world impact of the decisions that we make, so away from the cameras without fanfare
. martha: they have been doing okay. bill: so far. martha: a lot of people in the economy don't feel okay but companies are making out fine with the earnings. meantime lawmakers on capitol hill getting back to the business of the nation and spending. >> we need to solve these problems. it reminds me of the old jimmy buffet song, if the phone doesn't ring it must be me. like waiting for the senate to pass a budget. martha: what the president's call will mean for future budgets and taxes. the sea change we could be seeing now from the reagan years. >> we must take further steps to permanently control government's power to tax-and-spend. we must act now to protect future generations from government's desire to spend its citizens money and tax them into servitude when the bills come due. let us make it unconstitutional for the federal government to spend more than the federal government takes in. i need to rethink the core of my portfolio. what i really need is sleep. introducing the ishares core, building blocks for the heart of your portfolio. find out why 9 out of 10 large professional inv
the 7th inning stretch says tim geithner. so is he right as he leaves this economy in the hand of the rest of the administration at this point? stuart varney joins me now, anchor of "varney & company" on the fox business network. stuart, when i read that this morning, i thought really? is that really true? are we in the 7th inning stretch of this recovery? what say you? >> there are two sides of this argument. 2nd inning the team is down or 7th inning the team is in the homestretch. let me give you the 2nd inning our team is down first. next week we get a big picture on the state of the economy. it will be bad. growth of only 1%. that implies we're very early in this baseball game and our team is down. that is the negative side. the other side of the coin is this. we have really several bright spots in the economy. one, housing. building up, construction up. prices up. home sales all of them are up. that is a bright spot. that is leading us higher. second the stock market, dow industrials, only 300 points away from a all-time record high. your 401(k) is looking a lot better. do
, the economy. last month david and grace chu got married. now they're about to close on their dream home. a brand new four bedroom, five bath center hall colonial. >> we're really looking for a new home. >> reporter: this house was on the market for just two weeks before the seller accepted their offer. that's a good sign. more than 30% of all homes sold in december were on the market for less than a month. the average time on the market for all homes, 73 days. >> i try to tell my clients if they really love the home, you know, be ready. be ready for a bidding war. >> reporter: here's what's driving the recovery in home sales. first, jobs. supply and, of course, interest rates. interest rates hovering at 40-year lows. at the same time, rents are rising. >> our rent has literally gone up 40% over the past two years. so i think that has really pushed us in particular to look for a home. >> reporter: the new house moves more money through the economy than the sale of an existing home. >> building new homes creates jobs and the construction secretary your. furnishing a new home with new appl
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